RATE Group | Kakao’s Klay Cryptocurrency Set for Listing on Upbit Indonesia
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Kakao’s Klay Cryptocurrency Set for Listing on Upbit Indonesia

28 Sep Kakao’s Klay Cryptocurrency Set for Listing on Upbit Indonesia

Posted at 08:20h in Cryptocurrency News by

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South Korean messaging giant Kakao is set to list its cryptocurrency token Klay on Upbit Indonesia.

Klay Token Gets First Cryptocurrency Exchange Listing

According to The Korea Times, Upbit Indonesia will be the first cryptocurrency exchange to list the Klay token. News first emerged of a possible listing earlier in September with a focus on securing an Asian-based exchange.

Commenting on the planned listing, a spokesperson for Kakao noted:

We decided to list Klay on cryptocurrency exchanges in the respective countries, as we aim for Klaytn to become an Asia-based platform.

Klay is Kakao’s native token for its public blockchain platform Klatyn, developed by Ground X — the messaging giant’s blockchain subsidiary. Reports indicate that there are plans to make Klatyn a gaming-focused platform.

Back in 2018, Kakao’s private token sale raised about $90 million. As previously reported by Bitcoinist, the company announced plans for another funding round in mid-March 2019.

Kakao…

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